Joint Budget Committee. The bill suspends, for 2 years, the operation of statutory provisions allocating specific amounts of revenue derived from the tax on limited gaming activity to the following cash funds:
- The Colorado travel and tourism promotion fund, administered by the board of directors of the Colorado tourism office;
- The advanced industries acceleration cash fund, administered by the Colorado office of economic development;
- The local government limited gaming impact fund, including the limited gaming impact account and the gambling addiction account, administered by the departments of local affairs and human services and local governmental entities;
- The innovative higher education research fund, administered by the higher education competitive research authority;
- The creative industries cash fund, administered by the council on creative industries; and
- The Colorado office of film, television, and media operational account cash fund, administered by the Colorado office of film, television, and media.
The bill adjusts current long bill appropriations to fund the respective programs for the 2020-21 state fiscal year.
(Note: This summary applies to this bill as introduced.)